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TOPIC: Pricing of Multi-Property
#1577
Dynamic Duo ()
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Pricing of Multi-Property 5 Years, 9 Months ago Karma: 0  
Hey team does anyone know where to get a good multi unit property analysis form? I am in the process of trying to close on a couple of multi unit deals but I really need to get the numbers on there places as accurate as possible. I don't want to feed any Alligators.

Thanks in advance...

'Expect Success!'
 
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#1578
Albert ()
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Re: Pricing of Multi-Property 5 Years, 7 Months ago Karma: 0  
Depends on the number of units. For 2-4 units, just use a gross rent multiplier. You can call the county appraiser's office and ask what GRM they use on duplexes for evaluation purposes. Buy the property using that multiplier and you should have a cash flow if the property is in acceptable condition. I use a GRM of 6.6 to 7. You multiply that figure times the annual income of the property and that is the value. That is the maximum purchase price.

For larger properties, like apartment complexes, you may be able to get an analysis form from the Institute of Real Estate Managment. Their form develops cash on cash return, Internal Rate of Return and other factors. You may need to buy a book or CD of their other forms to get it. But, once you have it, you can use it to death. IREM is on the internet.
 
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#1579
denise ()
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Re: Pricing of Multi-Property 5 Years, 1 Month ago Karma: 0  
what lender do u use
 
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